In the technology sector alone, major tech giants laid off thousands of employees worldwide to reduce costs.
The company, which declined to comment, has begun opening its Bentonville campus and plans to launch new office spaces in Sunnyvale and Bellevue, Washington, later this year.
Other major sectors, such as aviation, financial services, manufacturing, and other industries, also witnessed large-scale layoffs, driven primarily by cost-cutting initiatives and rapidly advancing technology.
The story "Why Walmart is cutting scores of jobs, relocating employees to main offices" has 424 words across 19 sentences, which will take approximately 2 - 4 minutes for the average person to read.
Which news outlet covered this story?
The story "Why Walmart is cutting scores of jobs, relocating employees to main offices" was covered 10 hours ago by Business Standard, a news publisher based in India.
How trustworthy is 'Business Standard' news outlet?
Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news.
The outlet is headquartered in India and publishes an average of 292 news stories per day.
It's most recent story was published 2 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
